Public Investment in Basic Education and Economic Growth

16 Pages Posted: 9 Aug 2004

See all articles by Vladimir Kühl Teles

Vladimir Kühl Teles

Sao Paulo School of Economics

Joaquim de Andrade

Universidade de Brasília (UnB) - Department of Economics

Date Written: July 2004

Abstract

The main objective of this paper was to visualize the relation between government spending on basic education and the human capital accumulation process, observing the impacts of this spending on individual investments in higher education, and on economic growth. From the results obtained, we may reach the central conclusion that basic education affects agents' decisions over their lifetime, and that the significance of the relation between public spending on education and economic growth is altered by changes in the composition of government spending with regard to basic and higher education, and this relation may be insignificant when higher education is not promoted.

Keywords: Economic growth, human capital, public education

JEL Classification: O11, I22, I28

Suggested Citation

Teles, Vladimir Kühl and de Andrade, Joaquim, Public Investment in Basic Education and Economic Growth (July 2004). Available at SSRN: https://ssrn.com/abstract=573301 or http://dx.doi.org/10.2139/ssrn.573301

Vladimir Kühl Teles (Contact Author)

Sao Paulo School of Economics ( email )

Rua Itapeva 474
12o. andar
Sao Paulo, SP 01332-000
Brazil
(5511)3281-3378 (Phone)
(5511)3281-3357 (Fax)

Joaquim De Andrade

Universidade de Brasília (UnB) - Department of Economics ( email )

Brasilia, DF 70910-900
Brazil

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